Julian, RE: >What does it mean that e-gold's circulation has dropped 5 bars since 9/11, >while the price of gold has mostly gone up?
Before you jump to a negative conclusion, consider the following possibilities. This is by no means a definitive list, I'm sure there are other reasons and some of these have already been posted in reply. 1) Profit taking. Some of the gold bars in e-Gold storage were purchased at much lower fiat prices than the current spot. If the owner believes that fiat money will soon recover or at least stop its collapse, the conversion from gold to fiat is an expected action. 2) The effect scam/fraud control and/or threat of possible legislation to force access to finacial books. To put a fine point on it, how many questionable investment programs use the various gold currencies (not just e-Gold)? 3) The effect of statements by governments and fiat banks that the world economy is 'recovering'. Some people will actually believe this, particularly if it is repeated enough times. I hope few holders of gold fall in this category. 4) See Snowdog's reply. The gold e-currencies are supported by technology and this is a liability if the key nodes of the internet are offline or destroyed, such as the e-Gold database servers. This has been addressed by redundant storage, but the general public (including lots of DBC/DGC users) is not aware of this. 5) Transfer of e-wealth from e-Gold to other DBC/DGC currencies, due to better rates / lower fees. The real benefit of a competitive market. Dave Brooks Editor / Bricks of Gold Website & eZine --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-metal is a wonderful holiday gift? Avoid the hassle this year!
